Seyall Industries recently conducted drug tests on selected employees. It is likely that these tests were not random, but that reasonable suspicion or probable cause led to the tests.

Answer the following statement true (T) or false (F)


True

Business

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Ramirez Company made the following payments related to a land acquisition: Purchase price $7,500 Past due taxes 650 Title search 275 Cost of razing old building 1300 Interest (incurred after productive operations had begun) 160 Proceeds from salvage of old building 1875 What is the capitalizable cost of the land?

A) $9,725 B) $8,010 C) $7,850 D) $7,500

Business

A(n) ____ is a general framework or design that describes how the various components of the application will be addressed.

A. programming language B. procedural language C. database D. application model

Business

Merchandise categories for which data are gathered are known as _____

a. price-line classifications b. control units c. standard merchandise classifications d. UPC classifications

Business

V&P Company exchanged unencumbered investment land for farmland subject to a $200,000 mortgage. If V&P realized a $168,000 gain on the exchange, it must recognize the entire gain.

Answer the following statement true (T) or false (F)

Business